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Clive Granger
British
September 4, 1934
Economist
I preferred to use mathematics in some practical fashion and thought that meteorology sounded promising.
Clive Granger
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Some
Thought
Use
A teacher told my mother that I would never become successful, which illustrates the difficulty of long-run forecasting on inadequate data.
Clive Granger
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Teacher
Would
Never
A potentially useful property of forecasts based on cointegration is that when extended some way ahead, the forecasts of the two series will form a constant ratio, as is expected by some asymptotic economic theory.
Clive Granger
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Will
Way
Some
Forecasts vary in horizon, from a few seconds up to a few days in financial markets, compared to from one to several months for macro variables. We have to provide uncertainty intervals around the central forecasts to indicate the extent to which we are unclear about the future.
Clive Granger
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Future
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